LONDON--(EON: Enhanced Online News)--According to the latest market study released by Technavio,
the global organic trace minerals for animal feeds marketis
expected to grow at a CAGR of close to 8% during the forecast period.

“The poultry and swine segments are projected to be the
fastest-growing segments during the forecast period. Organic trace
minerals play a critical role in the biochemical, metabolic, and
enzymatic reactions in an animal's body, resulting in better
reproduction, feed efficiency, and growth enhancement”

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Global organic trace minerals for cattle feeds market

This segment includes cattle, goat, sheep, and others. With a share of
50%, ruminants were the largest segment of the global organic trace
minerals for animal feeds market in 2016. This segment is anticipated to
continue dominating the global market during the forecast period. The
market is driven by the growing demand for meat in countries like the
US, Brazil, Spain, and China. The demand for animal feed for cattle is
increasing with the increase in meat consumption, owing to the expanding
population.

According to Ajay Adikhari, a lead analyst at Technavio for metals
and minerals research, “Proper nutrients are necessary for milk
production, growth, reproduction, and health of cattle. Organic trace
minerals supplement essential nutrients to cattle. Trace minerals, such
as magnesium, copper, zinc, and iron, are beneficial for enhancing
cattle performance. These minerals provide the right nutrients to
cattle, which help in improving their reproductive performance.”

Global organic trace minerals for poultry feeds market

The growing poultry segment is one of the main drivers that is
contributing to the growth of the global poultry feed market. The demand
for and supply of poultry feed is expected to increase with the increase
in consumption of poultry meat. The poultry market in APAC is witnessing
an increase in meat consumption due to the increase in population and
rise in the disposable income of consumers.

The inclusion of organic trace minerals in animal feed helps to reduce
the cost of visiting vets and increase the lifespan of the animals by
providing balanced nutritional benefits. China and India are the key
consumers of poultry feed in the global market.

Global organic trace minerals for swine feeds market

Trace minerals are essential for the metabolic, endocrine, and
physiological processes in swine. They are also vital for the proper
functioning of the reproductive process and building the immunity of the
livestock. The stable demand for swine meat is anticipated to drive the
growth of the global organic trace minerals for swine feed market. In
2016, the swine segment accounted for 27% share of the global animal
feed market.

“The poultry and swine segments are projected to be the
fastest-growing segments during the forecast period. Organic trace
minerals play a critical role in the biochemical, metabolic, and
enzymatic reactions in an animal's body, resulting in better
reproduction, feed efficiency, and growth enhancement,” says Ajay.

Some of the top vendors highlighted by Technavio’s market research
analysts in this report are:

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